I use many cloud services like Dropbox and Evernote but have been hesitant to put too much personal information on the cloud. I’ve always wondered how reliable the services are but more importantly, if I lose anyone else’s sensitive information on the cloud, would I be responsible for that or would Dropbox or Evernote in this case. Alex Williams recently wrote on the topic and I found it very relevant and interesting. While I agree with his comment that customers must determine any extra insurance that they may need to carry for information stored on a cloud, I’d be interested to hear his point of view on which insurance would respond first. If Dropbox were to lose a customer database, would they be responsible to notify those customers or would I?
Last week I attended the 2010 hosting and cloud computing summit put on by Tier One Research and the 451 group. What a great event and thanks to all of you who helped put on the event. I wanted to share with my readers some of the key things I learned at the event. Over the next few posts I’ll dive deeper into some of these topics.
The cloud is growing and it’s right in front of you. It’s time for your business to embrace it and figure out how to live on the cloud.
The value of data centers continues to increase as M&A activity and new data center builds continues to rise.
It is important to require your vendors and providers to take data security as seriously as you do! If you build a cloud but don’t require your SaaS or IaaS providers to provide secure infrastructure and software, how can the end user trust your cloud?
What are your thoughts on some of these comments I just made? Let me know or read my upcoming posts as I dig deeper into some of these issues.
Recently in the Kansas City Business Journal there was an article about data theft and the insurance options out there. It is nice to see someone finally bringing this issue to light and I hope this will make people realize that the threat is real. Over the past few months, I’ve spent a considerable amount of time trying to educate my clients and prospects on the need for this type of coverage but many business owners still think they are immune to a data theft.
To read the entire article, click here.
Microsoft recently learned that your e-mail password may have been exposed to a third party site due to a phishing scheme. It is also reported that some passwords on gmail or yahoo mail have been exposed also. All of these sites are recommending that you go in a change your password as soon as possible. I’ve attached the post on Microsoft’s website if you want more information. Just a reminder, it’s advised that you change your passwords every 90 days and at least include 3 of the following: uppercase letters, lowercase letters, numbers, and symbols.
There was a great article in SC Magazine recently about records management and privacy. They listed some areas and tips to securing records that include:
Maintain a well kept inventory of your records
Set a retention period for records
Properly store your records
Encrypt your records during transmission
Properly dispose of your records
To read the entire article, click here.
A new piece of moblie malware called the “Sexy Space” is the first known virus that spreads via SMS or text message. The use of mobile bots could allow networks of hackers the ability to steal data or shut down your cell phone remotely. It is important for users to verify any link that is sent to them via SMS before clicking on any link that sends them to another location.
For more information, read this article from Computerworld.
People have been looking for a tool to eliminate cyber risk for sometime now but have struggled to find something. Not only would a tool help businesses prevent data breaches but it will help insurance underwriters have a better understanding of the risk they’re taking on and allow them to price the data privacy insurance product appropriately.
I got to meet with a local business owner last week who may have the product. He currently has a product that minimizes health, safety, environmental, and other types of risk to help businesses decrease their insurance costs; they distribute their product through a large international insurance company. He was able to show me a product he’s developed that will allow a business owner to do the same thing with cyber risk. So don’t be surprised if you see a product like this on the open market in the next few years!